Dow Jonex Index (US30): Technical Outlook
Many of you asked me to share the analysis on US30.
The market is currently stuck between 2 key levels.
33270 - 33500 is a key resistance.
32470 - 32500 is a key support.
The market formed an ascending triangle formation between them.
For now, the future direction of the market depends on a breakout.
A bullish violation of the underlined red resistance will push the price higher.
While a bearish breakout of a trend line of a triangle will initiate a bearish move at least to 32850.
Wait for a breakout, traders.
That will be your trigger.
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Sp1
S&P500 Index (SPY) Very Bearish Outlook
2 important bearish breakouts on S&P500 Index on a daily:
the price broke and closed below a support line of a rising parallel channel,
the price violated a horizontal demand zone.
Look for shorting opportunities from the underlined blue area.
I will expect a bearish continuation to 3750 from that.
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Dow Jonex Index (US30): Important Breakout & Bearish Outlook
Dow Jones broke and closed below an important daily structure support on a daily.
The broken structure turned into resistance.
I will expect a bearish trend continuation from that.
Goals will be 32550 / 32000
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S&P500 Index (SPY): Your Trading Plan For Today
S&P500 Index is trading within an expanding wedge pattern.
The price is currently approaching its support.
To buy with a confirmation, watch an hourly time frame.
I spotted a double bottom pattern there.
4008 - 4011 is its neckline.
Wait for its bullish breakout. You need an hourly candle close above to confirm that.
Buy aggressively or on a retest.
Goals will be 4041 / 4059
If the price sets a new low, the setup will be invalid.
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20 Reason buy S&P🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Super BUllish
2 📆Monthly: after a deep correction now, the impulsive move is just started
3 📅Weekly: bear trend/beartrap double bottom/ make lower high
4 🕛Daily: the clear bull trend toward extreme high
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: flag
7: 3 Volume: high volume
8: 4 Momentum UNCONVENTIONAL Rsi: super bullish
9: 5 Volatility measure Bollinger bands: v
10: 6 Strength ADX: bullish
11: 7 Sentiment ROC: bull
✔️ Entry Time Frame: H4
12: Entry TF Structure: bull
13: entry move: impulsive
14: Support resistance base: cip
15: FIB:
☑️ final comments: buy
16: 💡decision: buy
17: 🚀Entry: 4107
18: ✋Stop losel:4019
19: 🎯Take profit:4198
hiking can be exhausting It is my opinion that some form of a top is here. i have closed my calls.....
even if we don't sell off and just go sideways; i don't think we will see higher all of dec. which means no santa rally this year.
the bullish run should continue very early jan (jan 4 maybe) 2023.
as an overview. i do think the bear market is over. i do think the bull market will continue well into next year, but nothing goes straight up and 20% move is a decent move.
happy holidays to all.
S&P500 Index (SPY) Detailed Technical Outlook 📈
S&P500 index is trading within an expanding wedge pattern on a daily.
The price was stuck within a horizontal trading range for 2 week.
Its resistance was finally broken yesterday.
I think that it may push the market higher.
Next resistance - 4118.
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S&P500 INDEX (SPY) Bullish Outlook For Next Week
Hey traders,
We have spotted a confirmed bullish breakout of a bullish flag pattern on S&P500 Index on 4H time frame.
Retesting the broken trend line, we see a positive bullish reaction.
I will expect a bullish trend continuation next week.
Goal - 4030
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S&P500 INDEX (SPY) Technical Outlook For Next Week
Hey traders,
S&P500 index broke and closed above a key daily structure resistance this week.
Taking into considerations, that fundamentals are strongly supporting bulls now,
I believe that the index will most likely keep growing.
Next resistance - 4100
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S&P500 Index (SPY) Very Bullish Setup 📈
Hey traders,
S&P500 index has broken and closed above a solid horizontal supply area on a daily.
That breakout will most likely trigger a bullish continuation.
The next resistance that I spotted is 4100 - 4145 area.
It will be the next goal for buyers.
For entries, consider the underlined green area or a trend line.
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S&P500 INDEX (SPY) Waiting For The Next Move
Even though S&P500 index was very bullish on Friday,
don't forget that the index is trading in a global bearish trend.
The price has recently completed a correctional movement within a rising wedge pattern and broke its support.
I believe that the market will drop soon.
Goals: 3666 / 3588
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S&P500 INDEX (SPY) Bearish Outlook
S&P500 is trading in a long-term bearish trend.
The market started a correctional movement, in the middle of October.
The index was steadily growing within a rising wedge pattern.
This week, its support went broken.
I believe that it may trigger a trend-following movement.
Next supports: 3666 / 3587
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S&P500 INDEX (SPY) Breakout Trade For Next Week
Hey traders,
What a bullish week for S&P500 index.
The market nicely bounced on Friday.
Ahead is a key horizontal resistance. 3905 - 3935 is a solid supply zone.
Wait for a bullish breakout of that next week. You need a daily candle close above that to confirm the breakout.
The breakout will trigger a bullish continuation.
Next goal will be 4118.
Good luck!
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S&P500 Index (SPY) Important Breakout 📈
So it turned out, that S&P500 managed to break and close above a solid daily supply zone.
The broken structure turned into a demand zone now.
I believe that the index will keep growing at least to 3905 level.
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S&P500 Index (SPY) Breakout & Bearish Continuation 📈
S&P500 index looks very bearish to me this morning:
the price reached a horizontal key level and then broke a support line of a rising wedge pattern on 1H.
I believe that the index will drop to 3744 / 3717 levels.
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S&P500 INDEX (SPY) Technical Outlook
Hey traders,
S&P500 index is currently approaching 3515 - 3680 horizontal weekly structure support.
I believe that the next bearish wave will initiate after its breakout.
Patiently wait for a weekly candle close below the underlined area.
A bearish continuation will be expected to 3300 then.
Good luck next week!
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SP-500Over the past two years since the corona collapse, the index has recovered 2.2X. We will likely reach the support levels indicated on the chart in the next half a year. There will be a correction, a period of recession. The markets are overheated, full of artificial money. It is influenced by the news background, the policies of the world's largest economies, the relationship between countries. 2022 will be a year of opportunities and big discounts on crypto and stocks. For a large number of market participants, it will be the first bear market. As always, many people will not survive this downfall, and the market will shake out the weak participants. Those who plan for 3-5 years will multiply.
Best regards,
EXCAVO
Dow Jones Index (US30): The Next Bearish Wave... 📈
Dow Jones Index is currently trading within a major weekly structure support.
To catch a trend-following movement, we should wait for a bearish breakout of 28600 - 30000 area.
Weekly candle close below that will most likely initiate a bearish continuation to 26500 support.
Be patient and wait for a breakout, traders!
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ES weekly forecast - Beginning of TST journey Hello everyone! This October I begin my TopStepTrader Micro combine! TradingView is my documentation system so Like and Follow my journey!
ES has maintained its down trending posture and lending way to lower prices but currently exists in a somewhat balanced state between technical levels 3700 and 3500. This area could prove to be difficult, so I’m not particularly excited about the week ahead -
SHORT TRADES ONLY given the context of the downtrend!
1 - Breakdown of 3600 with a pullback to retest before moving lower to 3500
2 - Straight down - If ES moves below 3500 with conviction, we could see lower prices in a hurry. I’ll be looking for sharp bounces to short in this scenario/.
3 - Bullish move to 3700 and consolidation to begin accepting higher price
Last week gave us a decent short opportunity Wednesday. Be on the lookout for others in the middle of this week, although it’s unlikely they are as technically ‘juicy’.
Waiting on TradingViews BlackFriday deals to optimize charting. Stay tuned!
KingCharlesTrader - 10 years as ES swing trader by night. Web Developer by day.